Arab Press

بالشعب و للشعب
Sunday, Apr 26, 2026

PMI Group, Inc. Announces Launch of New Offices

PMI Group, Inc. Announces Launch of New Offices

On Saturday, October 2, 2021, PMI Group, Inc. (the “Firm” or “PMI”), celebrated in grand style the launch of its new offices in Suite 1, Third Floor of the Omar Hodge Building located in Wickham’s Cay I, Road Town, Tortola, British Virgin Islands.
During the launch ceremony, guest speaker and BVI financial services icon Dr. Robert Mathavious, OBE, touted the Firm's Founder and Managing Director, Mr. Clarence M. Faulkner, "a shining star who continues to brighten the BVI pathway."

Other speakers, including Dr. Kedrick Pickering (former Deputy Premier of the Virgin Islands), Ms. Sheila George (Managing Partner of George Henry Partners LP and former Chairperson of the Social Security Board), and Mrs. Antoinette Skelton (former Director of the Social Security Board), thanked Mr. Faulkner and his team of twelve (12) for the vision turned reality and their contributions to the BVI’s financial services industry. Reflecting on the Territory's journey of marking its footprints in the regional and global financial services sands of time, Dr. Pickering heralded PMI's journey. He also spoke of the humble beginnings of three (3) staff and the growth through four (4) office locations to the remarkable improvements and accomplishments that now include an investment trading floor, four (4) experienced investment analysts, and an emboldened mission to elevate financial services throughout the Caribbean Region. Ms. George hailed Mr. Faulkner for his “drive, courage, integrity and keen eye for talent and details," while Mrs. Skelton revealed tales of Faulkner's unfaltering commitment to the BVI. Mrs. Skelton highlighted that, "Mr. Faulkner chooses to be here in the BVI, despite the many offers he received regionally and internationally during his stint as SSB's Investment Manager; and his continual pledge to elevate how business is done in the BVI."

Mr. Faulkner, in his remarks to the intimate gathering about the origins of PMI, shared stories of his humble upbringing and his parents' meaningful impact on and support of his life's choices. He spoke of pivotal stages of his journey and how the late Honourable Ralph T. O'Neal (former Premier and Minister of Finance of the Virgin Islands), Mrs. Sandra Scatliffe (former Assistant Vice President and Branch Manager of Banco Popular VI), and Mrs. Antoinette Skelton were instrumental to his development in the formative years of his career. Most notable was Mr. Faulkner's reverent gratitude to his family, whom he explained was the bedrock of his motivation, strength, and endurance, namely his wife Sahodra Faulkner, and children Khalifa, Ethan, Sowmaya, and Xaila. Others recognized for their influence on Mr. Faulkner, whose monikers, as a tribute, are etched in the halls of the new edifice, are the Aiello Family (of Toronto, Canada), Mr. Ian Carrington (Director of Finance and Economic Affairs and former Director of NIS, both of Barbados), and Dr. Robert Mathavious, OBE.

In addition to revealing three prominent areas of the office – The Aiello Trading Floor, The Carrington (a dedicated room for closing meetings), and Mr. Mac's Lounge, the Founder and Managing Director of PMI recognized two longstanding and exceptional team members, Ms. Shaunté Stoutt, Pension Administration Supervisor, and Ms. Elizabeth Keller, Client Relations Manager, who will be awarded the first employee share offerings on January 1, 2022.

The event concluded with the remarks of Mr. Clyde Lettsome, a close friend of the Faulkner family, who stated that "Clarence Faulkner deserves to stand in league with the greats like Cyril B. Romney and H. Lavity Stoutt (both formidable leaders and former Chief Ministers of the Territory)." He added that Mr. Faulkner's vision and financial prowess in the image of PMI are now among the pages of BVI's history and that the Territory should be exceedingly proud. Words of support continued throughout the evening from members of the BVI financial services community, where one stated that "We are no longer local companies but are players on a global stage – PMI understands this."
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
News Roundup
Strategic Saudi-Bahrain Causeway Closed Amid Security Concerns as Trump Deadline Approaches
Saudi Arabia Keeps Red Sea Oil Exports Flowing Despite Regional Tensions
Pipeline Attack Cuts Significant Share of Saudi Arabia’s Oil Export Capacity
Saudi Business Leader Abudawood Appointed Chairman of Merit Incentives Group
TotalEnergies Confirms Damage at Saudi Refinery Following Security Incident
Saudi Arabia Launches Early Construction Phase for King Salman Stadium Project
Saudi Shift Away from Longstanding Dollar Oil Framework Gains Attention Amid Iran Conflict
Türkiye and Saudi Arabia Resolve Long-Running Transit Visa Dispute
Saudi Oil Capacity and Pipeline Flows Reduced as Supply Risks Intensify
TotalEnergies Reports Damage to Saudi SATORP Refinery Following Security Incidents
Gulf States Assess Prospects of U.S.-Iran Truce as Regional Stability Efforts Intensify
South Korea Resumes Honey Exports to Saudi Arabia Following Sanitary Approval
Saudi Arabia Carries Out Sentences in Eastern Province Following Security Convictions
Saudi Sovereign Wealth Fund Backs King Street’s Regional Credit Strategy
Saudi Arabia Secures World Cup Return as Egypt Celebrates Landmark Qualification
Iran and Saudi Arabia Intensify Diplomatic Engagement Amid Regional Tensions
Russia and Saudi Arabia Open Visa-Free Travel Corridor for Citizens
Saudi Oil Output Capacity Reduced by 600,000 Barrels Per Day Amid Regional Conflict
Saudi Arabia Suspends Operations at Select Energy Sites as Precautionary Measure
Saudi Arabia Halts Operations at Multiple Energy Facilities Amid Heightened Tensions
Global Markets Jolt as Iran Signals Ceasefire Breakdown and Rising Regional Tensions
King Street Aligns with Saudi Sovereign Wealth Fund to Expand Alternative Investments in Middle East
Attack on Saudi Arabia’s Jubail Petrochemical Hub Raises Global Supply Concerns
Debate Emerges Over Saudi Strategic Decisions as Gulf Cooperation Council Dynamics Come Into Focus
Saudi Arabia Expands Full Workforce Localisation to 69 Professions in Major Labour Reform
Emerging Alliance of Pakistan, Turkey, Egypt and Saudi Arabia Signals New Regional Power Dynamic Amid Iran Conflict
Iran Linked to Strikes Across Gulf States Following Refinery Attack Escalation
Saudi Arabia Voices Concern Over Fragile US–Iran Ceasefire Stability
Starmer Warns Sustained Effort Needed to Ensure US–Iran Ceasefire Holds
Saudi Arabia’s Key East-West Oil Pipeline Targeted Following Ceasefire Announcement
Iran Targets Saudi Arabia’s East-West Oil Pipeline in Escalating Regional Tensions
Trump Warns of Civilizational Stakes as Iran Halts Negotiations
Saudi Companies Expand Remote Work Measures Ahead of Iran-Related Security Concerns
Iran Warns of Strikes on Saudi Energy Infrastructure if US Targets Its Facilities
Iran Urges Civilians to Form Human Shields Around Nuclear Sites as Diplomatic Deadline Approaches
Saudi Arabia Raises Oil Prices to Record Premiums Amid Supply Pressures Linked to Iran Conflict
Key Saudi-Bahrain Causeway Closed Amid Heightened Security Concerns Linked to Iran
Formula One Calendar Gap Explained as Fans Await Next Grand Prix
Growing Strain on the Petrodollar System Comes Into Focus Amid Iran Conflict
Reported Strike on Saudi Arabia’s Jubail Complex Raises Global Energy Supply Concerns
FedEx Introduces New Digital Tool to Streamline Imports into Saudi Arabia
Iran Claims Strike on Saudi Arabia’s Jubail Petrochemical Complex Amid Rising Regional Tensions
Taiwan to Source Oil Shipments from Saudi Arabia’s Red Sea Ports
Saudi Arabia Evacuates Riyadh Financial District as Precaution Amid Regional Tensions
Saudi Arabia Balances Ambitious Economic Vision Amid Regional Tensions and Financial Pressures
Budget Saudi Arabia Reports Strong Full-Year 2025 Financial Performance
Saudi Arabia Expands Investment in Capcom With Stake Reaching Six Percent
Saudi Arabia Assesses Significant Economic Impact From Regional Conflict Involving Iran
US Beef Secures Expanded Market Access in Saudi Arabia
×